Thor Industries, Inc. (THO) Given Market Perform Rating at BMO Capital Markets

BMO Capital Markets reissued their market perform rating on shares of Thor Industries, Inc. (NYSE:THO) in a research report report published on Saturday. The firm currently has a $135.00 price target on the construction company’s stock, up from their previous price target of $110.00.

Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Thor Industries from a hold rating to a buy rating and set a $117.00 price target for the company in a research report on Thursday, June 8th. Off Wall Street began coverage on Thor Industries in a research report on Thursday, June 29th. They issued a sell rating and a $75.00 price target for the company. Stifel Nicolaus reaffirmed a hold rating on shares of Thor Industries in a research report on Thursday, September 21st. Aegis reaffirmed a hold rating and issued a $130.00 price target (up previously from $113.00) on shares of Thor Industries in a research report on Saturday. Finally, Robert W. Baird reaffirmed an outperform rating and issued a $120.00 price target on shares of Thor Industries in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Thor Industries presently has a consensus rating of Buy and a consensus target price of $117.59.

Shares of Thor Industries (NYSE THO) traded up 2.31% during mid-day trading on Friday, hitting $125.91. 1,395,219 shares of the stock traded hands. The company’s 50-day moving average price is $107.11 and its 200 day moving average price is $100.92. The company has a market capitalization of $6.62 billion, a PE ratio of 19.65 and a beta of 1.38. Thor Industries has a 1-year low of $74.00 and a 1-year high of $127.12. Thor Industries also was the recipient of unusually large options trading on Thursday. Traders purchased 11,709 call options on the stock. This is an increase of approximately 587% compared to the average daily volume of 1,704 call options.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.31. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. Thor Industries’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. Equities research analysts forecast that Thor Industries will post $7.99 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/01/thor-industries-inc-tho-given-market-perform-rating-at-bmo-capital-markets.html.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the sale, the chairman now owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THO. UBS Asset Management Americas Inc. increased its position in shares of Thor Industries by 4.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,696 shares of the construction company’s stock valued at $3,047,000 after purchasing an additional 1,402 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Thor Industries by 13.6% during the 1st quarter. Nordea Investment Management AB now owns 15,709 shares of the construction company’s stock valued at $1,510,000 after purchasing an additional 1,883 shares during the last quarter. Stifel Financial Corp increased its position in shares of Thor Industries by 11.1% during the 1st quarter. Stifel Financial Corp now owns 17,240 shares of the construction company’s stock valued at $1,660,000 after purchasing an additional 1,729 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Thor Industries by 300.7% during the 1st quarter. SG Americas Securities LLC now owns 14,094 shares of the construction company’s stock valued at $1,355,000 after purchasing an additional 10,577 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its position in shares of Thor Industries by 2,815.9% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 28,984 shares of the construction company’s stock valued at $2,785,000 after purchasing an additional 27,990 shares during the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.

About Thor Industries

Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.

Analyst Recommendations for Thor Industries (NYSE:THO)

Receive News & Ratings for Thor Industries Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Thor Industries Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

nineteen − thirteen =